On January 2nd, three cryptocurrencies outperformed within the top 100, registering double-digit gains and weekly increases over 30%. Bitcoin‘s price aimed for new highs above $44,700, indicating a strong appetite for risk among investors. The focus is on the future predictions for ASTR, MKR, and ICP Coins.
ASTR Coin has been targeting its peak after a significant surge on December 18th, with a weekly gain surpassing 51%. Despite a previous sell-off indicated by a long upper wick, the price is now gradually climbing to its peak. If ASTR can close above $0.177 daily, it could continue to rise towards $0.2075 and $0.23466, with further peaks at $0.279 and $0.338. The ultimate goal is surpassing the All-Time High (ATH) on Binance and potentially reaching $0.4.
MKR Coin has made a strong comeback from last year’s low below $600, nearing the $1,900 mark with a weekly gain of over 33%. Currently trading at $1,859, the critical point is $1,917. If MKR bulls can turn this level into support, a rally up to $2,329 could be seen. With the expected increase in DeFi enthusiasm in 2024, MKR Coin is likely to remain in the spotlight.
The medium-term targets for MKR are $2,513 and $2,803.
ICP Coin, which had a four-digit price tag on its launch days similar to MKR Coin, initially traded above $2,000. However, its narrative of decentralization was later revealed to be more of a story, leading to unfulfilled promises. With a better understanding of Web3 by the masses, ICP has lost its monopoly.
Nevertheless, ICP’s price is on the rise, reaching $15. Recent increases in ICP Coin’s price suggested a test of this region, and now a closure above $16.5 could lead to a return to the March 2022 peak of $23.7.